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2 Billion People Don't Have Access to Formal Financial Services

One of the most wonderful things about 2015, especially as we look forward to the rest of 2016 is that these days FinTech has reached the capability to serve not only the need of the most powerful ones but also to make the world a better place to live for those deprived of advanced financial opportunities.

Life in a developed country may differ (for most people) from the obstacles certain regions face when it comes to financial services. Having 3 credit cards is normal in one place while not having a bank account is normal in another. According to the World Bank, there are around 2 billion working-age adults globally (38%!) that do not use formal financial services. FinTech could be a solution for those 2 billion to build a better life. There is another number provided by the World Bank that is even more horrifying – 73% of ...

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